Expo Lanka Are people this much MAd ?

ruwan49 · 1 Expo Lanka Are people this much MAd ? Fri Jun 17, 2011 10:30 am

ruwan49

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why these retailars are so much in a hurry ??? why the sell less tha 14 in two days to trading.( private plsment people ok at least ).but so much supply ? cant they understand demand and supply ?

Last edited by milanka on Fri Jun 17, 2011 11:25 am; edited 2 times in total (Reason for editing : Removed unnecessary question marks , Removed ....)

RIO · 2 Re: Expo Lanka Are people this much MAd ? Fri Jun 17, 2011 11:03 am

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ruwan49 wrote:why these retailars are so much in a hurry ??? why the sell less tha 14 in two days to trading.( private plsment people ok at least ).but so much supply ? cant they understand demand and supply ?

Now only they have understood.....Real value & IPO value...heh heh heh Smile

rijayasooriya · 3 Re: Expo Lanka Are people this much MAd ? Fri Jun 17, 2011 11:10 am

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ruwan49 wrote:why these retailars are so much in a hurry ??? why the sell less tha 14 in two days to trading.( private plsment people ok at least ).but so much supply ? cant they understand demand and supply ?

I think their becoming sane now(Stop blindly running after IPOs)

FXX · 4 Re: Expo Lanka Are people this much MAd ? Fri Jun 17, 2011 11:18 am

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guys i have a small question

there are some rumors spreading people who brought shares at private placement cant sell those shares for one year, is this true ? or just a another rumor to market over priced IPOs for retailers ?

RIO · 5 Re: Expo Lanka Are people this much MAd ? Fri Jun 17, 2011 11:33 am

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FXX wrote:guys i have a small question

there are some rumors spreading people who brought shares at private placement cant sell those shares for one year, is this true ? or just a another rumor to market over priced IPOs for retailers ?

There is a RULE...but there are lope Holes too.... if its a sell out ...then they can sell on secondary market at any time NO 12 months lock in rule applicable for sell outs...!

rijayasooriya · 6 Re: Expo Lanka Are people this much MAd ? Fri Jun 17, 2011 12:17 pm

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RIO wrote:

FXX wrote:guys i have a small question

there are some rumors spreading people who brought shares at private placement cant sell those shares for one year, is this true ? or just a another rumor to market over priced IPOs for retailers ?

There is a RULE...but there are lope Holes too.... if its a sell out ...then they can sell on secondary market at any time NO 12 months lock in rule applicable for sell outs...!

What is sell out and secondary market? Could please explain?

RIO · 7 Re: Expo Lanka Are people this much MAd ? Fri Jun 17, 2011 12:46 pm

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rijayasooriya wrote:
What is sell out and secondary market? Could please explain?

Secondary Market
With primary issuances of securities or financial instruments, or the primary market, investors purchase these securities directly from issuers such as corporations issuing shares in an IPO or private placement, or directly from the federal government in the case of treasuries. After the initial issuance, investors can purchase from other investors in the secondary market.

http://en.wikipedia.org/wiki/Secondary_market

Sell out
“Both Brown Investments and Perpetual Holdings divested nearly 20% of the company’s share capital at Rs.4.70 per share in a sellout, said Rimoe Saldin, one of Free Lanka Capital Holdings directors.

http://srilankastockpicks.blogspot.com/2011/03/its-sellout-not-pplacement director.html

Hope this will help you learn... Very Happy

Chabbi · 8 Re: Expo Lanka Are people this much MAd ? Fri Jun 17, 2011 3:53 pm

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RIO wrote:

rijayasooriya wrote:
What is sell out and secondary market? Could please explain?

Secondary Market
With primary issuances of securities or financial instruments, or the primary market, investors purchase these securities directly from issuers such as corporations issuing shares in an IPO or private placement, or directly from the federal government in the case of treasuries. After the initial issuance, investors can purchase from other investors in the secondary market.

http://en.wikipedia.org/wiki/Secondary_market

Sell out
“Both Brown Investments and Perpetual Holdings divested nearly 20% of the company’s share capital at Rs.4.70 per share in a sellout, said Rimoe Saldin, one of Free Lanka Capital Holdings directors.

http://srilankastockpicks.blogspot.com/2011/03/its-sellout-not-pplacement director.html

Hope this will help you learn...

@ Rio

I juss wanna knw weather Browns Investment Pvt plvmnt can be sell on first day trading ???

Here is thr details abt Pvt Plcmnt ....... I think thy cant .... but this juss trying to double check it Very Happy

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Expo Lanka Are people this much MAd ? Brwsn_10

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FXX · 9 Re: Expo Lanka Are people this much MAd ? Fri Jun 17, 2011 3:58 pm

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Thanks RIO, but i dont have rep power Sad

RIO · 10 Re: Expo Lanka Are people this much MAd ? Fri Jun 17, 2011 10:06 pm

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Chabbi wrote:
@ Rio
I juss wanna knw weather Browns Investment Pvt plvmnt can be sell on first day trading ???

Here is thr details abt Pvt Plcmnt ....... I think thy cant .... but this juss trying to double check it

You are referring to- BRAWNS INVESTMENT PLC ( the latest IPO)

According to the prospectus pg 20 - 8.1 Stated Capital -Note 03...clearly state its a Private Placement & the Date of the PP is given as 03rd Feb 2011 therefore the said recipients of the PP ( The recipients of the PP is available on pg 144 - 148 annexure E) CAN SELL their holdings issued @ PP on or before 12 Months from the date of 3rd Feb 2011 [as per the new rule of SEC, PPs made after 1st April 2011 is coming under the new Lock In Rule]

My advice is ....it's best practice to deposit your applications on the opening day and not before it...coz last few IPOs & Valibel One... they amended the Printed prospectus after issuing them to Broker Firms/trading Members which in return was distributed to potential buyers....then few of those applied were aware of the amendments thus it was just an announcement to CSE & no Paper/TV media coverage was given equal to their pre IPO advertising...Therefore Brawns too have enough time to amend the Prospectus ...